Posted 1/31/2024, 10:44:00 PM
Owning a Car Now Costs as Much as Renting in Winnipeg
- Average monthly cost of car ownership in Canada is $1,387, comparable to renting a 1-bedroom apartment in Winnipeg
- New car prices increased 19.4% year-over-year; average selling price now $67,817
- Transportation is 3rd biggest expense for Canadians after housing and food
- Monthly ownership costs factor in maintenance, insurance, gas, parking, etc.
- Used car prices up 4.3% since last year; average $39,155; monthly payments cheaper at $765